J.M. Smucker (SJM) , the maker of jellies and jams, reported fourth-quarter net income Thursday of $104.1 million, or 93 cents a share, up from year-earlier earnings of $94.9 million, or 82 cents a share.

Adjusted profit rose to $1.10 a share from $1 a share.

Net sales for the fourth quarter were $1.36 billion.

On average, analysts expected earnings of $1 a share on sales of $1.36 billion.

For fiscal year 2013, the company anticipates that net sales will increase 7% and non-GAAP earnings will be between $5 and $5.10 a share. The earnings projection excludes a cost of 50 cents a share for special projects.